Solidarity Wealth LLC Sells 15,453 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Solidarity Wealth LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,395 shares of the e-commerce giant’s stock after selling 15,453 shares during the quarter. Amazon.com makes up 6.1% of Solidarity Wealth LLC’s holdings, making the stock its 3rd biggest position. Solidarity Wealth LLC’s holdings in Amazon.com were worth $16,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of AMZN. SageView Advisory Group LLC grew its position in shares of Amazon.com by 2.3% in the third quarter. SageView Advisory Group LLC now owns 44,652 shares of the e-commerce giant’s stock valued at $5,676,000 after purchasing an additional 1,025 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Amazon.com by 15.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 551,309 shares of the e-commerce giant’s stock valued at $69,990,000 after purchasing an additional 72,463 shares during the period. Delta Financial Advisors LLC grew its position in shares of Amazon.com by 0.5% in the third quarter. Delta Financial Advisors LLC now owns 21,870 shares of the e-commerce giant’s stock valued at $2,780,000 after purchasing an additional 110 shares during the period. Stoneridge Investment Partners LLC grew its position in shares of Amazon.com by 29.1% in the third quarter. Stoneridge Investment Partners LLC now owns 53,257 shares of the e-commerce giant’s stock valued at $6,770,000 after purchasing an additional 12,008 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Amazon.com by 4.2% in the third quarter. Larson Financial Group LLC now owns 68,804 shares of the e-commerce giant’s stock worth $8,746,000 after buying an additional 2,801 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Telsey Advisory Group raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Wells Fargo & Company raised their price target on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Tigress Financial raised their price target on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Raymond James raised their price target on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 1st. Finally, Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $213.82.

Get Our Latest Report on Amazon.com

Amazon.com Trading Down 0.4 %

NASDAQ AMZN opened at $184.30 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $191.70. The stock has a market capitalization of $1.92 trillion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The firm has a 50 day moving average of $182.53 and a two-hundred day moving average of $168.99.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,838 shares of company stock worth $11,984,344. 10.80% of the stock is currently owned by insiders.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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